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News Enterprise
Broadcom’s $61bn VMware Deal Faces Phase 2 CMA Probe
Decision by Broadcom not to offer the UK watchdog remedies to its Phase 1 concerns, triggers in-depth Phase 2 investigation
South Korea, US Seek Do Kwon Extradition
Who has first dibs? South Korea and the United States have both requested the extradition of Terra co-founder Do Kwon
Apple Launches Buy Now, Pay Later Service For US
Fintech move for Apple after it launches service to allow consumers in the US to pay for purchases over time
Sam Bankman-Fried Charged With Bribing Chinese Officials
New US indictment alleges FTX's Sam Bankman-Fried paid over $40 million to bribe at least one official in China
Investors Pull $1.6 Billion After US CFTC Charged Binance
Over a $1 billion withdrawn from biggest crypto exchange Binance, after regulators allege violation of US financial laws
Alibaba Group To Split In Major Restructure
Alibaba Group to split into six independent unit in major restructure following years of intense pressure from regulators
Terra Co-Founder Do Kwon Arrested In Montenegro
Interpol confirms Do Kwon arrested after six months on the run, after spectacular demise of TerraUSD cryptocurrency
FTX Agrees Deal To Recover $400m From Hedge Fund
New management of failed crypto exchange FTX announce deal to recover more $400 million from a Bahamas-based hedge fund
SEC Charges Celebrities Over Cryptocurrency Endorsements
Lindsay Lohan, Jake Paul and other celebrities charged by the US financial watchdog over cryptocurrency endorsements
UK Watchdog Rules Against Broadcom’s $61bn VMware Buy
CMA's Phase 1 investigation of Broadcom’s proposed acquisition of VMware, concludes deal could lead to less innovation and drive up costs
Virgin Orbit Nears Deal For Emergency Funding, After UK Launch Failure
Days after Virgin Orbit halted operations and furloughed staff, comes a report it is close to securing emergency funding
Court Dismisses Gamers Lawsuit Over Microsoft Activision Purchase
US federal court dismisses lawsuit from gamers over Microsoft's $69 billion proposed acquisition of Activision Blizzard
Virgin Media O2 In Talks Over £3bn CityFibre Bid – Report
Talks have reportedly begun between Virgin Media O2 and Cityfibre over a possible takeover worth £3 billion
Samsung To Spend $228 Billion On South Korean Chip Plant
South Korean government announces 'world's largest' chip complex near Seoul. Samsung says it will spend $228 billion
Budget 2023: Industry Reaction To Quantum Investments etc
UK is the world's third largest tech economy, so Chancellor of the Exchequer Jeremy Hunt’s spring 'growth' budget has generated some reaction
Budget 2023: Chancellor Pledges £2.5 Billion For Quantum Computing
With UK predicted to avoid recession, spring budget by Chancellor Jeremy Hunt announces funding injections into tech sector
Autonomy’s Mike Lynch Fights US Extradition Attempt
Co-founder and former CEO of Autonomy Dr Mike Lynch asks High Court in London to block his extradition to the US
TikTok Mulls Split From Beijing-Based ByteDance – Report
Last ditch move? To ease growing national security concerns, TikTok is reportedly considering seperating from Chinese parent
Vodafone, Three Near Final Merger Agreement – Report
UK merger between Vodafone and Three could be announced this month, as both work to address potential antitrust issues
Cryptocurrencies Rise After US Authorities Rescue SVB Depositors
Cryptocurrencies rise after US authorities intervene to restore confidence in banking sector following collapse of Silicon Valley Bank
Failed Silicon Valley Bank UK Arm Sold To HSBC For £1
Government facilitates sale of UK operations of failed Silicon Valley Bank to HSBC as authorities work to limit fallout of biggest bank failure since 2008
Silvergate Bank To Close Down, Amid FTX Aftermath
Elon Musk Admits “Massive Decline” In Ad Revenue
Elon Musk says Twitter may be cash flow-positive next quarter, which may not surprise observers after all his cost-cutting
Microsoft Tells UK It Will Licence Call Of Duty To Sony For A Decade
Please don't veto the Activision purchase. Microsoft tells UK regulator it will play nicely with rival Sony for at least ten years
Intel Seeks $5 Billion More In Subsidies For German Chip Plant – Report
Chip giant Intel is reportedly seeking an additional 5 billion euros in subsidies from the German government
Apple Lends Globalstar $252m To Aid Satellite-Connected iPhones
SEC filing reveals Apple is lending Globalstar $252m to cover upfront costs of replenishing its low Earth orbit (LEO) satellites
ARM Disappoints UK With Decision To List Only In New York
UK Financial Conduct Authority blamed for 'inflexibility', as ARM owner Softbank opts for US-only public listing
Amazon Closes Acquisition Of Healthcare Provider One Medical
After US authorities refuse to challenge acquisition, Amazon closes its $3.9 billion deal for healthcare provider One Medical
Ransomware Hackers Ask Victims For Cyber Insurance Details
Varonis warns that HardBit ransomware asks victims to share their cyber insurance details, to help achieve their extortion aims